Living Stream Ministry

The information on this page was last updated 5/22/2023. If you see errors or omissions, please email: [email protected]


Summary

Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Contact information

Mailing address:
Living Stream Ministry
2431 W. LA Palma Avenue
Anaheim, CA 92801

Website: LSM.org

Phone: 714-991-4681

Email: [email protected]


Organization details

EIN: 237031637

CEO/President: Mr. Benson Phillips

Chairman:

Board size: 15

Founder:

Ruling year: 1969

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose


Mission statement


Statement of faith

Holding the Bible as the complete and only divine revelation, we strongly believe that God is eternally one and also eternally the Father, the Son, and the Spirit, the three being distinct but not separate. We hold that Christ is both the complete God and the perfect man. Without abandoning His divinity, He was conceived in the womb of a human virgin, lived a genuine human life on earth, and died a vicarious and all-inclusive death on the cross. After three days He resurrected bodily and has ascended to the heavens. He is now in glory, fully God but still fully man. We look to His imminent return with the kingdom of God, by which He will reign over the earth in the millennium and in eternity. We confess that the third of the Trinity, the Spirit, is equally God. All that the Father has and is, is expressed by the Son; and all that the Son has and is, is realized as the Spirit. We further believe that mankind is in need of God's salvation. Though we were absolutely unable to fulfill the heavy demands of God's righteousness, holiness, and glory, Christ fulfilled all the requirements through His death on the cross. Because of Christ's death, God has forgiven us of our sins, reconciled us to Himself, and justified us by making Christ our righteousness. Based on Christ's redemption, God regenerates the redeemed with His Spirit to consummate His salvation, that they may become His children. Now possessing God's life and nature, the believers enjoy a daily salvation in His Body in this age and the eternal salvation in the coming age and in eternity. In eternity we will dwell with God in the New Jerusalem, the consummation of God's salvation of His elect.

Donor confidence score

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Transparency grade

D

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Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating704 of 108534 of 58
Fund acquisition rating209 of 108812 of 58
Resource allocation rating656 of 108834 of 58
Asset utilization rating1048 of 108555 of 58

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
82%42%14%16%37%22%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
18%58%86%84%63%78%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%81%82%84%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%63%108%85%77%83%
Program output ratio Program output ratio =
Program services /
Total revenue
77%51%87%70%65%69%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%37%-8%15%23%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%7%-1%2%5%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%19%19%18%16%17%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.010.120.120.130.160.15
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.403.404.414.715.324.80
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.410.550.630.870.70
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.2521.7219.7612.7825.8527.40
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.050.050.080.040.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.0628.2520.8817.5513.1916.41
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%2%2%2%2%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
93%824%796%731%596%639%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$20,917,710$12,472,291$13,237,817$10,414,103$11,249,980
Receivables, inventories, prepaids$10,742,043$9,959,651$8,185,360$8,124,036$9,125,571
Short-term investments$819,954$708,477$571,852$400,025$464,955
Other current assets$0$0$0$0$0
Total current assets$32,479,707$23,140,419$21,995,029$18,938,164$20,840,506
Long-term investments$0$0$5,093,406$5,480,618$0
Fixed assets$77,816,549$78,785,146$76,186,197$76,085,770$77,631,451
Other long-term assets$2,500$186,909$212,302$206,058$1,638,808
Total long-term assets$77,819,049$78,972,055$81,491,905$81,772,446$79,270,259
Total assets$110,298,756$102,112,474$103,486,934$100,710,610$100,110,765
 
Liabilities20212020201920182017
Payables and accrued expenses$691,744$437,851$1,040,138$639,431$760,469
Other current liabilities$803,815$732,972$681,223$93,119$0
Total current liabilities$1,495,559$1,170,823$1,721,361$732,550$760,469
Debt$0$0$0$0$4,935,944
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$406,985$406,983$406,985$1,234,327$534,995
Total long-term liabilities$406,985$406,983$406,985$1,234,327$5,470,939
Total liabilities$1,902,544$1,577,806$2,128,346$1,966,877$6,231,408
 
Net assets20212020201920182017
Without donor restrictions$103,081,984$98,513,238$98,587,914$96,156,978$90,640,093
With donor restrictions$5,314,228$2,021,430$2,770,674$2,586,755$3,239,264
Net assets$108,396,212$100,534,668$101,358,588$98,743,733$93,879,357
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$8,856,075$1,632,885$2,594,019$7,967,674$3,839,668
Program service revenue$5,431,865$4,890,190$6,060,959$6,101,553$6,404,133
Membership dues$0$0$0$0$0
Investment income$56,826$123,754$210,735$112,635$405,829
Other revenue$6,582,184$5,059,974$7,438,023$7,294,265$7,059,708
Total other revenue$12,070,875$10,073,918$13,709,717$13,508,453$13,869,670
Total revenue$20,926,950$11,706,803$16,303,736$21,476,127$17,709,338
 
Expenses20212020201920182017
Program services$10,654,591$10,211,725$11,427,812$13,867,180$12,139,561
Management and general$2,504,756$2,417,416$2,433,667$2,691,498$2,542,283
Fundraising$0$0$0$0$0
Total expenses$13,159,347$12,629,141$13,861,479$16,558,678$14,681,844
 
Change in net assets20212020201920182017
Surplus (deficit)$7,767,603($922,338)$2,442,257$4,917,449$3,027,494
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,767,603($922,338)$2,442,257$4,917,449$3,027,494

Compensation

NameTitleCompensation
Timothy GraverComputer Programmer$146,618
Tony EspinosaResearch Writer$120,446
Andrew Delos ReyesNetwork Administrator$119,180
Titus BoswellAsst. Facilities Manager$116,954
Hector FelixComputer Programmer$108,797
Ed MarksDirector$108,293
Ron KangasDirector$108,214
Curt KennardAssistant Treasurer$91,850
Kerry RobichauxDirector$88,430
Samuel LeeDirector$81,812
Dennis HigashiDirector$77,893
Benson PhillipsPresident$66,194
Raymond GraverTreasurer$42,203
George DankerDirector$30,736
David KooDirector$28,195
Joe DavisDirector$5,856

Compensation data as of: 12/31/2021


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/22/2023. To update the information below, please email: [email protected]


History


Program accomplishments


Needs